Posted by TreeTopView > 2021-06-05 13:33 | Report Abuse

Let's get back on track and dismiss the perceived conspiracy theories, for now anyway. Could this current price drop be simply a matter of the stock being previously overpriced?

Without deep drilling into their quarterly financials, let's assume that the reported headline numbers are legit, i.e., Revenue, Net Profit and EPS.

Current FY2021 three reported quarterly EPS numbers (recent first):
Q3: 1.82 cents
Q2: 0.87 cents
Q1: 1.50 cents
Total for 3 quarters: 4.19 cents.
Let's assume their Q4 EPS matches their record high Q3 results and add in that figure to the current three quarters: 4.19 cents + 1.82= 6.01 cents.

So, an annual EPS of 6.01.

Now the BIG question for holders and potential investors, what realistic P/E Ratio would you apply to this industry? Keep in mind that the industry they supply (glove companies) are reporting low P/E's because the market doesn't believe current profits for the industry can be sustained long term. Currently Top Glove have a PE around 5, Supermax now below 3.

In summary, let's wait and see what they deliver this month for their 4th quarterly results and perhaps consider what you believe is a realistic PE for your eventual valuation.

All the best.

Posted by intrigue83 > 2021-06-05 14:01 | Report Abuse

How low is this counter going to go? Sold all at 0.8x previously and it has been going down with no sign of upwards

Posted by Gorengkueyteow > 2021-06-05 14:11 | Report Abuse

lol all want link to karim very funny

Posted by Financier > 2021-06-05 18:55 | Report Abuse

@Sunshine123 From publicly available information, Karim doesn't have any stake in ESCERAM. Only people related to him have stakes in it and they haven't been disposing since last week. If they are buying, they aren't doing it aggressively. They have been quiet thus far, same for the directors of the company.

Posted by Sunshine123 > 2021-06-05 20:09 | Report Abuse

Financier ... thank you for the info. I had the wrong idea he was a major shareholder.

Posted by Petronas > 2021-06-06 08:50 | Report Abuse

Wow cheap

Posted by HamsterHuat > 2021-06-06 09:40 | Report Abuse

Coming Tuesday...another Scuba diving that cannot surface...

So 0.45 is likely given that Fitch have downgraded Serbadk Rating.

maybe 0.41.....fuyoooo.......IceCream melting lo.

Posted by ooi8888 > 2021-06-06 09:43 | Report Abuse

wa, like this I'll wait at 0.40, haha.

Posted by StockGodFatt > 2021-06-06 11:56 | Report Abuse

I think it will rebound from 50c onwards and QR release

Posted by Wolger > 2021-06-06 12:00 | Report Abuse

50 sen rebound!

Posted by Pgraduate123 > 2021-06-06 12:00 | Report Abuse

Glove also gone, fitch downgrade, no issue, etc.... Limit Down then

Posted by Pgraduate123 > 2021-06-06 12:01 | Report Abuse

Trust issue **

Posted by Pgraduate123 > 2021-06-06 12:03 | Report Abuse

Financier n sunshine.... Have you heard of 'proxy' b4?

Posted by Pgraduate123 > 2021-06-06 12:10 | Report Abuse

I go for 18 sen

Posted by Citadel9999 > 2021-06-06 12:32 |

Post removed.Why?

Posted by Michael Yeo > 2021-06-06 13:05 | Report Abuse

I do think so it is a end game. But I hope I am wrong. When price of gloves stocks slumped, it followed. Now when serbadk related stocks slumped, it followed again. It was a double blow.

Posted by michaelwong > 2021-06-06 18:38 | Report Abuse

Still paying good dividend from esceram . Should hold first still Karim is still increasing its stake in serbak and infact he is not a major shareholder in esceram

Posted by Wolger > 2021-06-06 19:33 | Report Abuse

average down! DCA is the best way!

Posted by Newbiexxxxxxxxx > 2021-06-06 20:01 | Report Abuse

It’s a good dividend stock if the price has bottomed..

Posted by Kimly2 > 2021-06-06 20:50 | Report Abuse

break strong support soon???

Posted by StockGodFatt > 2021-06-06 21:20 | Report Abuse

Karim name is no where to be seen in Esceram

Posted by StockGodFatt > 2021-06-06 21:21 | Report Abuse

Good dividend stock and very profitable company. Keep for long term

Posted by ooi8888 > 2021-06-06 21:35 | Report Abuse

you have to buy at the correct price then worth to keep for long term.

Posted by ooi8888 > 2021-06-06 21:36 | Report Abuse

I think not yet reach the bottom, wait and see the serbadk saga first.

Posted by ooi8888 > 2021-06-06 21:44 | Report Abuse

I don't want to stay in penthouse, landed property better, haha.

Posted by Speed99 > 2021-06-07 08:42 | Report Abuse

time to entry ?

Posted by StockGodFatt > 2021-06-07 12:14 | Report Abuse

It is only market sentiment make Esceram down. Esceram did not manufacture gloves and Karim is not a shareholder. So why is it down?

Posted by shrewdinvestor > 2021-06-07 15:23 | Report Abuse

Esceram is caught in the cross fire because of links of R & R with Karim. Karim is definitely not in. R & R probably now got no hope to get a seat on the board as no credibility. My guess is that they may quietly sell bit by bit to the major shareholders. ES will pay good dividend going forward and eventually move to mainboard. People have short memories and all this will be forgotten! All I can say is relax and forget about all the charts.

Posted by kc02245 > 2021-06-07 16:05 | Report Abuse

Today's P/E = 0.505 / 0.0601 = 8.4

Current FY2021:

Q1: 1.50 sen
Q2: 0.87 sen
Q3: 1.82 sen
Q4: 1.82 sen (Forecast but likely much higher)

So, the yearly EPS = 6.01 sen.

Today's P/E = 0.505 / 0.0601 = 8.4

Posted by cy0728 > 2021-06-07 17:29 | Report Abuse

drop over than some director acquired price at end of jan
Dato Kamal Yp Tan 0.579 ?
bonus issue free if warrant convert to mother share price is 0.63 ? correct me if i'm wrong

Posted by andytfyap > 2021-06-07 18:19 | Report Abuse

shrewdinvestor, I concur with your finding and I noticed no panic disposals by the major shh in the past 2 weeks. Thus we might hold it for mid to long term investment. Contra players might be burnt this round.

Posted by kmwong8711 > 2021-06-07 20:11 | Report Abuse

https://klse.i3investor.com/m/blog/bursainvestments/2021-06-04-story-h1566047263-Rubber_Glove_Exports_Rise_Additional_4_75_M_o_M_238_Y_o_Y_in_April.jsp

Posted by kmwong8711 > 2021-06-07 20:15 | Report Abuse

Hope this info will be yours own decisions to hold or else
TQ

Posted by kmwong8711 > 2021-06-07 21:42 | Report Abuse

What l truly believe is Ice cream still have good profits ahead
Stay healthy and safe investment
TQ

Posted by HamsterHuat > 2021-06-07 21:43 | Report Abuse

Rosland and Rosli will quietly dispose as they need money to plug leaking ship on SCIB or helping to plug leaks at Serba and Kpower as well.

Because once Serba really submerged....it will affect all of them.

Posted by HamsterHuat > 2021-06-07 21:44 | Report Abuse

So tomorrow for sure....Esceram will dipped below 0.50....
Now the main question...what will be the lowest price?
Happy fishing tomorrow.....

Posted by kmwong8711 > 2021-06-07 22:38 | Report Abuse

Definitely will collect more if below O.50
If R n R start dispose whose buying .........????

Posted by kmwong8711 > 2021-06-07 23:07 | Report Abuse

Investment bankers and all the big shareholders will fill up this lovely opportunity before the transfering period to main board market
So this is the opportunity we as ikan bilis to ride on this moments
Yes golden opportunity never happens again once you MISSED it

Posted by kmwong8711 > 2021-06-07 23:39 | Report Abuse

https://www.klsescreener.com/v2/news/view/821575

Posted by kmwong8711 > 2021-06-07 23:55 | Report Abuse

Do you all notice .......
Why this lately have a lots of conversion warrant to mother shares
Must be dividend or bonus issue announcement before transferring to MAIN BOARD

Posted by andytfyap > 2021-06-08 01:34 | Report Abuse

kmwong. thanks for sharing such important info. it enhance my confident in this stock.

Posted by Financier > 2021-06-08 07:55 | Report Abuse

@HamsterHuat There's no filing stating that R&R sold. It has been more than a week since that news emerged but no announcement on selling. They normally report at the latest, 3 days.

Posted by HamsterHuat > 2021-06-08 08:23 | Report Abuse

@Financier
if their current holding is below 5%...
no need to do announcement if i am correct.

Posted by Newbiexxxxxxxxx > 2021-06-08 09:07 | Report Abuse

Hopefully it will not being dragged down but unrelated news

Posted by The_JQuestion > 2021-06-08 09:10 | Report Abuse

this stock cannot la when 80 sens director control buy up and down now so cheap nvr do anything leave u all dead an dry goodluck i long time cut big loss on this

Posted by kmwong8711 > 2021-06-08 09:21 | Report Abuse

There are two parties interested in Ice cream
1) R... Investment
2)T.... Investment
And as well as big shareholders

Stay healthy and safe investment

Posted by andytfyap > 2021-06-08 09:32 | Report Abuse

It is reversing this morning, looks good.

Posted by kmwong8711 > 2021-06-08 09:40 | Report Abuse

Andy yap
No worries if invest now at least have 30% profit in year end

Posted by Warren_Buffett88 > 2021-06-08 10:04 | Report Abuse

It’s uptrend now...grab it before too late

Posted by Wolger > 2021-06-08 10:59 | Report Abuse

see result in 6 months - screenshot my words.